In this Annual Report on Form 10-K (this "Form 10-K" or this "Report") the terms
"Company," "Cumulus," "we," "us," and "our" refer to Cumulus Media Inc. and its
consolidated subsidiaries.
We use the term "local marketing agreement" ("LMA") in this Report. In a typical
LMA, the licensee of a radio station makes available, for a fee and
reimbursement of its expenses, airtime on its station to a party which supplies
programming to be broadcast during that airtime, and collects revenues from
advertising aired during such programming. In addition to entering into LMAs, we
from time to time enter into management or consulting agreements that provide us
with the ability, as contractually specified, to assist current owners in the
management of radio station assets, subject to Federal Communications Commission
("FCC") approval. In such arrangements, we generally receive a contractually
specified management fee or consulting fee in exchange for the services
provided.